AVAX/USDT – 1H – BUYThe currency pair goes from the ascending trendline downwards
A bearish trend downwards to the next support line at 26.630000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 27.740000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 27.74 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 27.740000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.440000000 |
| 2nd High | 28.890000000 |
| Next High | 27.740000000 |
| Current Price | 27.140000000 |
| Next Low | 26.630000000 |
| 2nd Low | 25.100000000 |
| 3rd Low | 23.900000000 |